Investment manager

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Investment manager

The individual who manages a portfolio of investments. Also called a portfolio manager or a money manager.

Investment Manager

A person or, more often, a bank or business who controls an investment portfolio on behalf of a client. Investment managers make investment decisions on behalf of the client in accordance to the parameters set by the client. The goal is to make the most profit for the client as possible. Some investment managers have more autonomy than others, depending upon the client's needs and desires. Institutional investment managers normally hire a team to work on the different accounts it has under management. Unlike brokers, investment managers are not paid on commission, but rather by a percentage of the total amount of money under management. This gives the investment manager an incentive to work for the client's profit, as the more money the manager accumulates, the more he/she/it makes. An investment manager is also known as a money manager or portfolio manager. See also: Advisory account, Discretionary account, Markowitz Portfolio Theory.
References in periodicals archive ?
The SEC has issued guidance to assist investment managers in applying Sec.
The Draft Resolution does not clarify whether the investment manager will be required to consider suitability of investments for customers.
The less an investment manager depends on one source of information, the better.
Since Rollprint was unhappy only with its current provider's recordkeeping and administration, the committee initially favored replacing the vendor for one function without changing the investment manager.
The notice also solicits information on a number of trading practices, including what impact the emergence of electronic systems might have on any exemption standards; whether there are real savings flowing to employee benefit plans from crosstrades not otherwise available in the market; what the transaction costs are for such off-market transactions; and whether cross-trades could be used to produce commercial advantages for the investment manager, etc.
And you should decide who the investment manager will be.
It wasn't too many years ago that proxy voting was considered by plan sponsors to be an administrative burden that was the responsibility of the investment manager.
I think it's important to note this because lawyers will tell you that it's possible under ERISA to have either the plan sponsor or the investment manager vote your proxies.
However, the reality today is that about two-thirds of investment managers do not beat the S&P 500.

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